UPDATE: NOVEMBER 19
Middleby president Selim Bassoul has named Middleby president Selim Bassoul as interim president of Viking Range, so reports an ApplianceAdvisor.com reader (who we assume is not Middleby president Selim Bassoul.)
Sure! Why not!!
Is there anything we might glean from the change? Perhaps two things:
- Viking might be absorbed into Middleby, and disappear as a separate entity. (seems unlikely to us)
- Bassoul blew his stack or there was some other event, which forced a change before he was ready for a change. (more likely).
If anyone is left at Viking to deal with it, Viking today has a refrigerator recall.
Units: About 750
Description: This recall involves Viking 42-inch and 48-inch built-in side-by-side refrigerator freezers with in-door water and ice dispensers. The recalled refrigerator freezers come in a variety of colors, stainless steel or a custom finish. They were manufactured between October 2012 and May 2013 and have the model numbers listed below. The first six numbers in the serial number are the manufacture date of the unit in MM/DD/YY format. Both sizes of refrigerator freezers have a serial number/date code range from 101712 through 052913. The model and serial numbers are located inside the refrigerators on a label on the ceiling behind the light housing. See Models: http://www.cpsc.gov/en/Recalls/2014/Viking-Recalls-Built-In-Side-by-Side-Refrigerator-Freezers-with-In-Door-Dispensers/
It goes on………………..
Incidents/Injuries: Viking has received 27 reports of electrical shorts and four fires. No injuries have been reported.
Remedy: Consumers should immediately turn off and unplug the recalled refrigerator freezers and contact Viking to schedule a free, in-home repair.
27 electrical shorts and 4 fires out of 750 units? Way to take your time guys!
UPDATE: NOVEMBER 17
As well we have been receiving reports of the resignation of Viking President Brian Waldrop.
The Clarion Ledger reported that the layoffs were preceded by a 10% sales growth since 2012, which one could term excellent in a stable industry. Evidently Middleby was not looking for 10% sales growth in a stable industry. Perhaps they were seeking a 30% recovery from a recessionary slow down.
Perhaps they were seeking a 50%-75% improvements in net income because of a consolidation of distribution.
Perhaps they were planning on North Korea opening their doors to Viking Range forcing 3 shifts of production to keep up.
What was Viking hoping for, and was there any magical thinking involved?
We might have a much better idea of what the thinking is, if we know who is out, and who is in.
Multiple unconfirmed reports of executive resignations, and executive firings at Viking.
Please send us what you know, or add your comments below, while we try to dig into this.
If true, we would like to remind Viking that they should not be so selfish. Stop monopolizing the news!!
We would like to update our cartoon some day.